2min chapter

Freakonomics Radio cover image

460. The True Story of the Minimum-Wage Fight

Freakonomics Radio

CHAPTER

Is There a Minimum Wage?

The idea of a minimum wage has been very hard for the united states to wrestle with. There is another angle to entertain, probably a much more important angle in the long run. As human labor gets more expensive, it becomes more attractive to automate labor. The data are consistent with the anecdotes. No, i think they gougt to be really careful about this, because automation is going to happen anyway....

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